Finmarket: The real review
Is Finmarket a scam?
Yes, Finmarket definitely checks off a large amount of the scam boxes. However, if they’re officially regulated by the Cyprus Securities and Exchange Commission can they actually be a full blown scam or just a scammy type of operation? This review of Finmarket will answer just that.
Based on the issues that we discuss in this article along with firsthand reports from clients, we will recommend in a serious way NOT to use Finmarket as a broker. If you’ve already deposited your funds with them, read on as we’ll explain how you could get your money back.
Is Finmarket really regulated?
Yes, it would appear from the CySEC website and from the Finmarket homepage that Finmarket is a regulated broker. However as we’ve mentioned before , CySEC has a notorious reputation for allowing extremely questionable business practices within their system of “regulated brokers”. You can see another example of that here.
What is Finmarket?
Finmarket was founded in 2015 and is a trading company or brand belonging to K-DNA Financial Services Ltd. They are one of five approved domains owned by K-DNA. As they state on their website Finmarket provides online Forex and CFD trading services including Commodities and Indices for worldwide investors.
They offer three trading platforms, a web based, desktop based and a mobile platform. They also offer streaming financial news and 24 hour support (or so they say).
Methods of Deposit
Finmarket accepts credit cards (Visa and Mastercard) as well as a slew of other payment options such as Skrill, Maestro, Giropay and Neteller.
A note that can either concern you or give you confidence is that they don’t have a large review presence online. Generally speaking this is a cause for concern. A company that’s been doing business for over four years internationally with no real online feedback is a red flag in our book. Finmarket is also not heavily discussed in many of the most popular online messaging boards.
If you’re not sure about Finmarket, watch this video.
While a review should be objective, in this case unfortunately we’re not. We’ve received countless complaints from Finmarket customers who have reported agressive and outright abusive sales tactics, as well as outright improprieties in regards to how their account was handled and how they were treated.
If you are a Finmarket customer and you’d like to get your money back, contact us today for a free consultation.